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Europe Daily Bulletin No. 13421

1 June 2024
Contents Publication in full By article 17 / 28
ECONOMY - FINANCE - BUSINESS / Competition
European Commission authorises €2 billion in aid to STMicroelectronics to build and manage silicon carbide (SiC) power devices
Brussels, 31/05/2024 (Agence Europe)

On Friday 31 May, the European Commission announced that it had authorised an Italian measure with a budget of €2 billion to support the global high-tech STMicroelectronics in the construction and operation of a plant in Catania, Sicily, to produce semiconductors for silicon carbide power devices, also known as SiC power devices.

These high-performance chips are mounted on 200 mm diameter wafers. They will be transformed into modules and other devices used in a variety of industrial...

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